Welcome to the Dinar Daily NEWS Blog. For regular Dinar News Updates, Dinar to USD listings, Iraqi Dinar info and Dinar info – THAT MATTERS!! This is a good place to start for your Daily Dinar Recap – if you are a Dinar vet or just looking for the current Dinar Value – Welcome.
Word for the day…
Mrs. BGG
Iraqi Dinar/Dollar auction 12-19-16 (most recent listing)
Currency Auctions Announcement No. 3341
This daily currency auction was held in the Central Bank of Iraq on the 12-19-2016
The results were as follows:
| DETAILS | NOTES |
| Number of banks | 32 |
| Number of remittance companies | 15 |
| Auction price selling dinar / US$ | 1182 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 162,846,709 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 162,846,709 |
| Total offers for selling (US$) | —– |
More: http://dinarupdates.com/observer/
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*** Current News ***
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Dissertation by Daytrader:
There are three financial channels active in Iraq; monetary reform, economic reform and SBA loans. All three of these channels are interdependent (symbiotic).
Monetary reform is the responsibility of the CBI, but needs the cooperation of the GOI for legislation and the GOI’s preparation for the transition (budget, trade, ISX etc). Monetary reform will likely fail without a following successful economic reform.
Economic reforms are the responsibility of the GOI, but funding and loans from the CBI and the Iraqi banks along with international contributions are needed to make it a success. It is also reliant on the monetary reform to establish the financial foundation.
SBA loans are needed to bridge the revenue shortfall until the gains from the monetary and economic reforms surface. Additionally, a strong relationship with the IMF and World Bank will enhance Iraq’s status in the international community and improve its credit rating.
FaceBook “LIVE” session from Friday nite w/BGG
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MadDScout (Dinar Guru) – Article: “Parliament will vote on the federal budget for 2017” This is the after report on the vote in parliament. This is just a way different budget (IMO) than we have seen in budgets of the past. None of them had the kind of “Activate the private sector” talk that seems to be a part of this one. Especially if you know that, what we as investors are waiting on is the activation in full of all reforms. Many of these are in various states of completion. Some being done, some waiting on certain parameters to be met ( i.e. budget vote? Complete GOI? <<(IMO)) With the signing off agency being the IMF. So for those who feel this can drag on just remember, they are being directed and guided by IMF and for IMF to sign off, they need accomplish those things stipulated.
Read More: http://www.dinarupdates.com/observer/
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1bobby (Dinar Guru) – Article: “Member of the Finance Parliamentary: 2017 Moismh positive cause to activate the financial realities and the private sector” ACTIVATE ACTIVATE ACTIVATE the Private Sector! Once again that phrase dominates the publishing of the 2017 budget. How could we not be excited about this budget? Too many people out there saying “Big deal, just another budget” Seriously?
Read More: http://www.dinarupdates.com/observer/
Cabinet declares its non-stop government appointments
BAGHDAD – Iraq Press – December 18: Secretary General of the Council of Ministers announced the agency Mahdi Keywords not stopped government appointments . Keywords and said in the book, I got / Iraq – Presse / a copy of it, ” The Council of Ministers decided in its session usual forty – ninth session held on 13.12.2016, as follows: non – stop appointments in ministries and government agencies all of 2016, and the adoption of all the records of the ministry validated by the competent minister until the date of 31.12.2016 , and the Ministry of Finance to complete all the procedures , including deletion and development. ”
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Kaperoni (Dinar Guru) – Article: “Parliamentary Finance: most of the banks in Iraq do not apply the principle of “know your customer” Changing CBI governors is not something we want… Each time this occurs, it weakens the currency, investor confidence, citizen confidence and slows down monetary policy. Abadi more than likely is getting guidance from the IMF and World Bank on how Allaq is doing. The fact that he is still in place tells me he is doing his job, and moving reforms along as laid out in the various agreements. The last sentence…to a World Bank document…is clear when referring to the removal of Shabibi…i will paraphrase…no matter who is the CBI governor, the plan is moving forward.
Read More: http://www.dinarupdates.com/observer/
Mr. Ammar al-Hakim: national settlement strategic project will be launched after the liberation of Mosul
{Baghdad: Euphrates News} The head of the National Alliance, Mr. Ammar al-Hakim on Saturday that the national reconciliation project “strategically to maintain the unity of Iraq.”
A statement by the office of the President of the National Alliance, said that al – Hakim, said in the office of Baghdad , leaders and young activists, said the national settlement of a strategic project to preserve the unity of Iraq and meat people is necessary to stop the bloodshed
The new head of the National Alliance, according to the statement, confirmed that the settlement project, did not include murderers and criminals and stained their hands with the blood of Iraqis noting that ” the timing of the launch will be after the liberation of Mosul Conception Aldaasha terrorism.”
He stressed ” the need to take young people , who make up 90% of the Iraqi people of their role in educating people, each from his position on the importance of harmony to the Iraqi society .
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BGG (Dinar Guru) – “Ministerial council looking reinforcement provided by NATO to support Iraq contracts” NATO support… [They have come a long way in terms of professionalism and quality of individual…] They want “International acceptance” and support – this is exactly how they get it. …they are on the road to restoration. Let’s hope sooner than later. All indicators seem to point to something being “up”…
Read More: http://www.dinarupdates.com/observer/
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Sources to Baghdad Post: Military operations in Mosul come to end
The military operations in Mosul have come to an end, security sources told The Baghdad Post.
The sources pointed out that a police reshuffle is imminent after Haider al Abadi visited the operations headquarters earlier.
Thebaghdadpost.com
BGG ~ I think this is somewhat premature. While Abadi has been saying Mosul would be liberated soon – just maybe not this soon.
Map areas liberated so far in Mosul
Map areas liberated so far in Mosul – 12/18/16
Babil24.com
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Iraq:
FIRST REVIEW OF THE THREE-YEAR STAND-BY ARRANGEMENT…AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ (Very long…)
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1182.000 | 1180.000 |
| Euro | EUR | 1233.890 | 1233.273 |
| British pound | GBP | 1469.108 | 1468.373 |
| Canadian dollar | CAD | 886.190 | 885.747 |
| Swiss franc | CHF | 1148.911 | 1148.337 |
| Swedish krona | SEK | 125.938 | 125.875 |
| Norwegian krone | NOK | 136.156 | 136.088 |
| Danish krone | DKK | 165.979 | 165.896 |
| Japanese yen | JPY | 10.000 | 9.995 |
| Special Drawing Rights |
SDR | 1584.495 | 1583.702 |